Amidst rising public scrutiny over a recent New York Times investigation that accused Facebook executives of partnering with a PR firm that practiced unethical (and anti-Semitic) "opposition research," the social networking company's stock dropped 5% Monday morning. According to CNBC, Facebook's stock hasn't dipped this low since February 2017--a financial hit that's hammered in by the fact that the tech giant is expected to report a new record in monthly losses, projected to end in the red for the third month in a row. Furthermore, CNBC reports that Facebook is slated to report its second straight calendar quarter of losses for Q4, which the company hasn't done since 2013. And it isn't just stocks that are taking a tumble. The Wall Street Journal reports that employee morale has plunged as well. According to a recent survey, just over half of employees said they were optimistic about the future of the company (down 32% from this time last year). The number of employees who reported to believe that ...

Philippine authorities plan to launch a new crackdown on gambling operators who illegally employ foreign nationals in casinos and online gambling services. This weekend, Philippine media reported that the Department of Labor and Employment (DOLE) had announced the formation of a new interagency task force to ensure that all foreigners working in the country's casinos and for locally licensed online gambling operators have valid work permits. The new task force is expected to commence activities this month. DOLE plans to partner with the Philippine Amusement and Gaming Corporation (PAGCOR) to target the regulator's Philippine Offshore Gaming Operators (POGOs) licensees. All POGO operations in Manila, as well as the special economic zones in the Clark Freeport and Subic Bay, will be subject to inspections to determine their staff's eligibility to work in the Philippines. The Philippine Star quoted Bureau of Local Employment director Dominque Tutay saying all POGO-employed foreigners will be checked to see ...

Facebook COO Sheryl Sandberg, who was reportedly concerned about her job security during the Cambridge Analytica data scandal fallout, is facing intense scrutiny after a scathing New York Times report last week.

Lidl US will acquire 27 Best Market grocery stores in New York and New Jersey. The deal will expand Lidl's presence in the region and mark its introduction to Long Island. The Best Market locations will be converted into Lidl stores, and employment opportunities will be offered to all workers. Lidl operates 59 stores in the U.S., but prior to this acquisition just three were in New Jersey, according to Supermarket News. The retailer has been shifting its expansion strategy to include smaller stores on leased sites, rather than exclusively build-and-own locations, and the size of the Best Market stores aligns with this new approach. {loadposition GIAA} The expansion in the Northeast and Mid-Atlantic could put margin pressure on other supermarkets in the region: retailers in the immediate vicinity of Lidl stores dropped prices on individual products by as much as 55%, according to a study by the University of North Carolina. On average, competing retailers near Lidl stores set their prices approximately ...

Salary matters, but wage increases are not a cure-all Low unemployment rates may prove to be a thorn in retailers' sides this holiday season, according to one survey. Korn Ferry, an organizational consulting firm focused on talent acquisition, surveyed HR and compensation executives at 53 retail organizations this month. Twenty-nine percent of respondents said they've seen an increase in employee turnover since the beginning of the year. Part-time hourly store employees experienced the highest turnover rate of all retail positions, with 81 percent average rate in 2018, up from 76 percent in 2017. See also: Black Friday's Dirty Little Secret Retail corporate positions, meanwhile, saw the lowest, with an average rate of 15.6 percent in 2018. This is still up, however, from 13 percent last year. "Retailers are in a Catch-22 situation this holiday season," said Craig Rowley, Korn Ferry senior partner, retail and consumer. "While high consumer confidence and a strong economy mean year-over-year sales are ...

Union Minister Satya Pal Singh urged the students Monday to become good human beings, saying holding a degree alone is not sufficient. The Union minister of state for Human Resource Development, who is an alumnus of the varsity, was addressing students at the 95th convocation ceremony of the Delhi University. "In today's time, degree is not sufficient. Many people have degrees. Galat degree bhi le lete hain log (people also obtain degree certificates by unfair means). In the ancient times, there were no degrees but knowledge, science and wisdom," Singh said. "Degree can get you a job but it cannot enlighten the world," he said. Singh stressed that the aim of education is to move from "darkness towards light and from lies towards truth". "Our prime minister has said that by 2022, our country will be free of terrorism, poverty, casteism and communalism. It is not possible without the support of our youths and education. The aim of education is to make one a good human being. An educated